Blue Star Helium (AU:BNL) has released an update.
Blue Star Helium Limited has announced a major helium find in its State 16 well, part of the Galactica project in Colorado, with high helium concentrations and strong flow rates that align with adjacent commercial developments. The discovery includes an impressive helium concentration of up to 1.90% and a CO2 level of around 70%, which could lead to significant revenue opportunities. The company is now focusing on development planning and has begun the permitting process for additional wells and a helium processing plant.
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